Home / Select Cities  /  2024 Comparing Richmond, VA vs. Chapel Hill, NC

2024 Compare Cities Housing:
Richmond, VA vs Chapel Hill, NC

Change Cities
Highlights
- The median age of a home in Richmond is 47.6% older than the median age of a home in Chapel Hill.

Housing
 Richmond, VAChapel Hill, NCUnited States
 Median Home Age633342
 Median Home Cost$327,100$550,100$338,100
 Home Appr. Last 12 months15.2%25.0%16.6%
 Home Appr. Last 5 yrs.57.5%72.2%57.0%
 Home Appr. Last 10 yrs.93.9%108.5%101.1%
 Property Tax Rate$9.5$11.1$11.0
 Homes Owned38.9%44.3%57.4%
 Housing Vacant10.3%10.1%11.2%
 Homes Rented50.8%45.6%31.4%
 space
 Avg Rent For Home Or Apartment
 Richmond, VAChapel Hill, NCUnited States
 Average Rent$1,680$1,730$1,840
 Studio Apartment$1,140$1,190$1,080
 1 Bedroom Home or Apartment$1,170$1,190$1,180
 2 Bedroom Home or Apartment$1,320$1,390$1,430
 3 Bedroom Home or Apartment$1,710$1,760$1,860
 4 Bedroom Home or Apartment$2,080$2,140$2,160
 space1
 Vacant Housing
 Richmond, VAChapel Hill, NCUnited States
 Vacant For Rent2.9%2.5%1.9%
 Vacant Rented1.3%1.6%0.4%
 Vacant For Sale0.6%0.8%0.7%
 Vacant Sold0.6%0.0%0.4%
 Vacant Vacation0.3%0.9%3.6%
 Vacant Other4.6%4.3%4.1%
 space2
 Owner-Occupied Housing Value
 Richmond, VAChapel Hill, NCUnited States
 Less Than $20,0001.1%0.7%2.6%
 $20,000 to $39,9990.4%0.1%2.4%
 $40,000 to $59,9990.9%0.4%2.8%
 $60,000 to $79,9992.9%0.3%3.9%
 $80,000 to $99,9994.2%0.4%4.5%
 $100,000 to $149,99911.4%2.8%11.3%
 $150,000 to $199,99915.1%5.0%13.0%
 $200,000 to $299,99921.0%14.6%20.1%
 $300,000 to $399,99916.5%16.8%13.6%
 $400,000 to $499,9998.6%16.7%8.3%
 $500,000 to $749,99910.3%27.0%9.7%
 $750,000 to $999,9993.9%9.2%3.9%
 $1,000,000 to $1,499,9992.3%4.8%2.2%
 $1,500,000 to $1,999,9990.7%0.7%0.8%
 $2,000,000 and over0.8%0.7%1.1%
 space3
 Housing Units By Year Built
 Richmond, VAChapel Hill, NCUnited States
 2015 and Newer0.1%0.4%0.2%
 2010 to 20145.3%18.2%13.6%
 2000 to 20095.3%18.2%13.6%
 1990 to 19995.8%18.3%13.6%
 1980 to 19897.1%14.6%13.2%
 1970 to 19799.9%15.1%14.8%
 1960 to 19695.8%18.3%13.6%
 1950 to 195914.7%7.5%10.0%
 1940 to 19499.1%2.6%4.7%
 1939 or Earlier29.6%3.1%12.2%

View More Data >

Reviews for Richmond    109 Reviews

Over 2 years ago

Lived here for a year and it’s not perfect but it’s constantly improving now (areas redevloped, more businesses, job growth). Cost of living is great compared to  More

   |    Reply

Over 3 years ago

We love Richmond so much that when we talk about where we'd like to live if we could live anywhere in the US, we always come back to RVA. We live in the city proper  More

   |    Reply

Over 3 years ago

I'm an out-of-towner but am coming up on 1 year in Richmond. I would summarize it this way: the best thing and the worst thing about Richmond is its location. I'll  More

   |    Reply

Start Your Review of Richmond

Reviews for Chapel Hill    16 Reviews

Between my wife and I, we've lived in Raleigh, Cary, Durham, and Chapel Hill, and it's Chapel Hill we prefer. Franklin Street is always lively with an eclectic mix of  More

   |    Reply

I am not sure if Bert has actually been to the Triangle, but for starters, Durham, as Chapel Hill residents know and envy, is and has been for 5 yrs now a vibrant  More

   |    Reply

someone told me they live in the hills/mountains right near chapel hill, and the summers are much cooler there, while the town itself is easily accessible. is this  More

   |    Reply

Start Your Review of Chapel Hill

 Most Recent Searches On Compare Cities
COMPARE COST OF LIVING
Compare Richmond, Virginia Cost of Living vs Chapel Hill, North Carolina Cost of Living: Taxes, Childcare, Groceries, Health...
Compare Now


ZIPS IN RICHMOND, VIRGINIA
23223, 23225, 23224, 23220, 23227, 23222, 23226, 23221, 23230, 23219, 11 total
ZIPS IN CHAPEL HILL, NORTH CAROLINA
27516 27514 27517

PREMIUM SUBSCRIPTION

Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.

Try Now